Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Sees Large Decline in Short Interest

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 645,448 shares, a decrease of 74.3% from the May 14th total of 2,507,368 shares. Based on an average daily volume of 6,025,507 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are sold short.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Down 1.1%

Shares of NASDAQ PDBC traded down $0.19 on Thursday, hitting $17.24. The company’s stock had a trading volume of 5,389,677 shares, compared to its average volume of 8,434,107. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 12-month low of $12.87 and a 12-month high of $18.95. The stock has a 50 day moving average of $17.83 and a 200-day moving average of $15.71.

Institutional Trading of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Ascentis Independent Advisors acquired a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the first quarter valued at $34,000. Pacifica Partners Inc. acquired a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the fourth quarter valued at $26,000. Tucker Asset Management LLC acquired a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the fourth quarter valued at $31,000. International Assets Investment Management LLC acquired a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the fourth quarter valued at $34,000. Finally, CENTRAL TRUST Co acquired a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the third quarter valued at $43,000.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Company Profile

The Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) is an exchange-traded fund that mostly invests in broad market commodities. The fund holds a diverse basket of commodity futures and aims to mitigate negative roll yield in its contract selection. The fund is structured as an ETF and is actively managed. PDBC was launched on Nov 7, 2014 and is managed by Invesco.